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View Full Version : Decline in AUD, NZD & CAD buying power since 1920 or 1950 charts wanted...



billstew
05-09-09, 09:23 PM
Decline in AUD, NZD & CAD buying power since 1920 or 1950 charts wanted...

http://zerohedge.blogspot.com/2009/05/annihiliation-of-dollars-purchasing.html

I know that this classical decline has taken place with the USD, but the AUD, CAD and NZD have had similar declines as all have evolved into fiat currencies for reasons not explicitly related to the USD becoming a fiat currency.

Mind you, the AUSTRALIAN POUND and NZ POUND were defacto until 1966 and 1967 respectively. So strictly using dollars you could not chart loss of buying power until 1968.

Canada duodecimal conversion some time after 1864 (1864 to ~1870), and the NZ & Australian territorial bank bills denominated in Gold are still honored by the Central Bank for legal reasons.

Note: You cannot normalize loss of buying power the the UK Pound without some intervening math until the year 1972, as the UK went decimal in 1971.